FOR SALE
Expressions of interest

198 Charters Towers Road
Hermit Park QLD 4812

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 275m2
Land area: 372m2
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Freehold Retail /Office Tenanted Investment - For Sale

This well maintained retail/office suite is positioned along Charters Towers Rd maximising the exposure to passing traffic.
The property is currently leased to "The Coloured House" specialising in blinds and interior decoration and features two open plan layouts with staff amenities.
Property details;
• Tenancy area: 275m2
• Land area: 372m2
• Leased from 25/06/24 expiring mid 2026
• Rental: $63,731.25 pa gross plus GST
• Outgoings: $19,157.92
• Net rent: $44,573.32 pa plus GST
The property is being offered to the market via expressions of interest.
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Property Details for 198 Charters Towers Rd, Hermit Park

Building Type
Commercial
Floor Size
275m2
Land Size
372m2

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About Hermit Park 4812

The size of Hermit Park is approximately 2.2 square kilometres. It has 5 parks covering nearly 26.4% of total area. The population of Hermit Park in 2011 was 3,520 people. By 2016 the population was 3,423 showing a population decline of 2.8% in the area during that time. The predominant age group in Hermit Park is 20-29 years. Households in Hermit Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hermit Park work in a professional occupation. In 2011, 48.1% of the homes in Hermit Park were owner-occupied compared with 47% in 2016.

Hermit Park has 2,061 properties. Over the last 5 years, Houses in Hermit Park have seen a 88.16% increase in median value, while Units have seen a 88.04% increase. As at 31 October 2024:

  • The median value for Houses in Hermit Park is $541,192 while the median value for Units is $312,579.
  • Houses have a median rent of $420 while Units have a median rent of $360.
There are currently 22 properties listed for sale, and 13 properties listed for rent in Hermit park on OnTheHouse. According to CoreLogic's data, 127 properties were sold in the past 12 months in Hermit park.

Suburb Insights for Hermit Park 4812

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Adrian Pascoe
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Ray White Commercial Townsville
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.